GNC Holdings, Inc. (GNC - Free Report) is a leading global specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products ("VMHS"), sports nutrition products and diet products. The company has a worldwide network of more than 8,900 locations.
Currently, GNC Holdings has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here).We have highlighted some of the key details from the just-released announcement below:
Earnings: The current Zacks Consensus Estimate is pegged at 33 cents per share. GNC Holdings’ third quarter 2017 adjusted earnings per share of 31 cents missed this estimate by a penny.
Sales: GNC Holdings posted sales of $609.5 million in the reported quarter, which missed the Zacks Consensus Estimate for revenues of $616 million.
Key Stats: Revenues in U.S. and Canada segment decreased 3.5% to $507.1 million. Revenues from manufacturing/wholesale segment (excluding intersegment revenue) decreased 13.1%, to $53.3 million compared with $61.3 million in the prior year quarter.
Major Factors: Per management, GNC Holdings made good progress in third quarter as it returned to positive same store sales. 9.6 million consumers had joined the Company's loyalty programs, of which approximately 585,000 were enrolled in the PRO Access membership as of October 25, 2017. The company also launched a GNC storefront on Amazon which continues to exceed the company's expectations.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this GNC Holdings earnings report later!
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GNC Holdings, Inc. (GNC - Free Report) is a leading global specialty retailer of health, wellness and performance products, including vitamins, minerals and herbal supplement products ("VMHS"), sports nutrition products and diet products. The company has a worldwide network of more than 8,900 locations.
Currently, GNC Holdings has a Zacks Rank #3 (Hold) but that could change following its third quarter 2017 earnings report which has just released. (You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here).We have highlighted some of the key details from the just-released announcement below:
Earnings: The current Zacks Consensus Estimate is pegged at 33 cents per share. GNC Holdings’ third quarter 2017 adjusted earnings per share of 31 cents missed this estimate by a penny.
Sales: GNC Holdings posted sales of $609.5 million in the reported quarter, which missed the Zacks Consensus Estimate for revenues of $616 million.
Key Stats: Revenues in U.S. and Canada segment decreased 3.5% to $507.1 million. Revenues from manufacturing/wholesale segment (excluding intersegment revenue) decreased 13.1%, to $53.3 million compared with $61.3 million in the prior year quarter.
Major Factors: Per management, GNC Holdings made good progress in third quarter as it returned to positive same store sales. 9.6 million consumers had joined the Company's loyalty programs, of which approximately 585,000 were enrolled in the PRO Access membership as of October 25, 2017. The company also launched a GNC storefront on Amazon which continues to exceed the company's expectations.
Stock Price: Following the earnings release, share prices did not show any movement in the pre-market trading session.
Check back later for our full write up on this GNC Holdings earnings report later!
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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